STATS Group signed a share purchase agreement to sell 100% of its share capital to Mitsui, and the acquisition has been completed. The article does not give a deal value.
Ingersoll Rand acquired Italy-based Termomeccanica Industrial Compressors and its subsidiary Adicomp for approximately EUR 160 million, adding air and gas compressor capabilities to its Industrial Technologies and Services segment.
Nordson Corporation agreed to acquire ARAG Group, an Italian maker of precision agricultural spraying control systems and fluid components, in an all-cash deal valuing ARAG at an enterprise value of EUR 960 million.
KSB announced the acquisition of Bharat Pumps and Compressors' technology, becoming sole owner of the products' technology and taking over spare parts and service for about 5000 BP&CL products in India.
Flowplant Group, a provider of high-pressure jetting and pumping solutions in Salisbury, UK, was acquired in a management buyout completed on June 23, 2023, through the newly formed SSPM Holdings Limited led by Steve Smith.
Johnson Controls announced its acquisition of M&M Carnot, a maker of CO2-based industrial refrigeration equipment with low GWP, based in Annapolis, Maryland and Trois Rivières, Quebec. Announced June 2023.
Ingersoll Rand agreed to buy Howden Roots LLC from Chart Industries for an all-cash price of about $300 million. Roots has about $115 million in revenue, and the deal is expected to close in Q3 2023 pending regulatory approvals.
Denver-based private equity firm Platte River Equity acquired Womack Machine Supply Company, a Farmers Branch, Texas distributor of hydraulic, pneumatic and automation components.
KKR agreed to acquire pump and valve maker Circor in a deal worth $1.6 billion including debt, announced June 5, 2023.
Atlas Copco acquired Maziak Compressor Services Ltd., a privately owned UK distributor of air compressors, nitrogen generators and process cooling equipment based near Northampton, with about GBP 7 million in 2022 revenue. The purchase price was not disclosed.
Amcor signed a definitive agreement to acquire privately held Moda Systems, a New Zealand manufacturer of automated vacuum protein packaging machines for meat, poultry and dairy. The deal adds equipment and services to Amcor's film portfolio. No value was disclosed.
Atlas Copco acquired C.P. Service SRL, a compressor distributor and service provider in Naples, southern Italy, with 13 employees and about EUR 6 million turnover in 2022. The purchase price was not disclosed, and the business joins Atlas Copco's Compressor Technique service division.
Fluid System Components, Inc. announced the acquisition of Norcan Fluid Power Company, a fluid power distributor serving Western Canada, which is the largest Canadian distributor of Bosch Rexroth products. Terms were not disclosed.
Hydrotech, Inc. announced its acquisition of Isaacs Fluid Power Equipment Company, a fluid power distributor based in Mason, Ohio, with six locations in the Midwest. Isaacs will operate as a division of Hydrotech, and specific terms were not disclosed.
Dallas-based Singer Industrial acquired Arizona-based Hotsy Industrial Systems, a maker of pressure washers, air compressors, wastewater treatment systems and detergents, with financial terms undisclosed. Hotsy will operate within Singer's Fluid Power Division from its Tucson location.
Piller Blowers & Compressors is selling its hot gas circulator business unit, including two fan series, to Karl Klein Ventilatorenbau effective 1 June 2023. Piller will focus on blowers for steam compression.
HANSA-FLEX AG has acquired Knapheide, a hydraulic systems supplier to German machinery makers with about 400 employees and revenue in the high double-digit millions of euros, as a strategic investment in mid-April 2023. Knapheide keeps its name and sites.
EnergyLink International completed the acquisition of UECompression Inc., a Colorado-based designer and packager of engineered compression equipment. UECompression's president Keith Kern was appointed to lead the company.
EnergyLink International announced on 11 April 2023 that it has acquired UECompression Inc., a supplier and distributor of engineered-to-order compression equipment, and appointed Keith Kern as UECompression's president.
Elgi Compressors USA Inc, a subsidiary of Elgi Equipment, entered an operating agreement to acquire a 33.33% stake in CS Industrial Services LLC, its exclusive distributor for ELGi compressors in Western New York, for about $125,000. Completion is expected by 31 March 2023.
Italy's Marchesini Group has acquired M.A.R. S.p.A., a Milan-based maker of pharmaceutical packaging machines for liquids, powders and syringes. M.A.R. will keep its Lainate site and staff and expand by hiring technicians and designers.
AXXERON took over the MOOG production site in Luxembourg on 1 October 2024, its first company acquisition outside Germany, to make servo cartridge valves and hydraulic control blocks.
Xebec Adsorption sold substantially all assets of its British Columbia subsidiary Applied Compression Systems Ltd. to 1396905 B.C. Ltd. The announcement is dated 7 February 2023 and no value was disclosed.
Xebec Adsorption sold its subsidiary Green Vision Holding, parent of HyGear Technology and Services, to Hydrogen Solutions B.V., an affiliate of HoSt Holding, as part of its sale process announced on 7 February 2023. No value was disclosed.
The Nikkiso Clean Energy and Industrial Gases Group completed its acquisition of Cryotec Anlagenbau GmbH, a plant engineering firm in Wurzen, Saxony, for an undisclosed amount. Cryotec will become the group's European competence and production center.
Bosch Rexroth completed its acquisition of HydraForce, a US compact hydraulics specialist, after antitrust approval. HydraForce will be integrated into Bosch Rexroth's Compact Hydraulics Business Unit.
Ingersoll Rand Inc. bought Paragon Tank Truck Equipment, a Catersville, Georgia maker of blowers and pumps for tank truck loading, in an all-cash deal of about $40 million. Paragon has around 55 employees and revenue above $25 million.
exceet Group SCA signed a business combination agreement to acquire all of APEX Group, a developer of green hydrogen electrolysis plants. It will pay about EUR 25 million in cash for 20.8% and issue new shares for the remaining 79.2%.
Massman Companies, a packaging machinery maker based in Villard, Minnesota, acquired Ultra Packaging Inc., a privately held designer of automated cartoning machines based in Chicago, Illinois. The announcement was dated January 17, 2023.
Fluid power and industrial automation distributor Triad Technologies completed its acquisition of Industrial Service Products, LLC, expanding its Illinois presence. Terms were not disclosed.
J2L Holding AB has acquired the Rehobot group, parent of Rehobot Hydraulics and Simson Power Tools, effective 9 January 2023. Rehobot Hydraulics in Eskilstuna makes high pressure hydraulic pumps, cylinders and tools.
Ingersoll Rand completed its all-cash acquisition of SPX Flow's Air Treatment business for about US$525 million in Q1 2023. The business makes compressed air dryers and filters.
Hydroscand France signed an agreement to acquire 100% of Pathel Industrie SAS, a Lyon-based maker of industrial hoses and fittings with subsidiaries in France, UK and Spain. The transaction is expected to close by end of 2022.
Atlas Copco acquired the operating assets of Northeast Compressor, a seller of air compressors and services to industrial customers in upstate New York, strengthening its geographic coverage there; the price was not disclosed.
Swedish Dacke Industri completed the acquisition of 70% of Tecair B.V., a pneumatic systems and components maker in Drachten, Netherlands, on December 8, 2022. The current owner keeps the remaining 30%.
Chart Industries signed a definitive agreement to acquire Howden, a global air and gas handling equipment maker, from KPS Capital Partners for $4.4 billion, funded by cash and preferred stock, with closing expected in the first half of 2023.
Ingersoll Rand agreed to acquire Airmax Groupe, a French compressed air specialist with about 100 employees and nine locations across France, as part of a combined purchase price of about $86 million announced on 27 October 2022.
Ingersoll Rand agreed to acquire India-based Everest Group and France-based Airmax Groupe for a combined all-cash upfront price of approximately $86 million, plus possible earn-out consideration.
Atlas Copco Compressors has acquired the operating assets of Compressed Air Products, Inc. (CAP), a longtime distributor based in Newnan, Georgia, which will become a direct branch. Twenty people will join Atlas Copco; the price was not disclosed.
Göpfert Maschinen GmbH has taken over all of Dücker Corrpal AB in Ystad, Sweden, a specialist in breakers.
Atlas Copco has acquired Vector, a privately held compressor distributor with 23 employees founded in 1933 in Poland, for an undisclosed amount. Vector becomes part of Atlas Copco's service division within Compressor Technology.
UFI Filters Group, through its subsidiary UFI Filters Hydraulics, acquired 100% of Friedrichs Filtersysteme GmbH, a hydraulic filter manufacturer based in Wassenberg, North Rhine-Westphalia.
Ingersoll Rand agreed to acquire SPX FLOW's Air Treatment business, a maker of compressed air dryers and filtration systems, for about $525 million. The business had expected 2022 revenue of about $180 million.
Oltrogge GmbH & Co. KG took over the compressed air technology division of Flaco Geräte GmbH in Gütersloh, effective October 1, 2022, with 85 employees transferring. The announcement was published on October 5, 2022.
Atlas Copco acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico, adding 19 employees to its Compressor Technique service division. The purchase price was not disclosed.
Japan's EBARA Corporation acquired 100% of Hayward Gordon L.P., a Toronto-based maker of heavy-duty process pumps and mixers, expanding EBARA's North American presence. The deal value was not disclosed.
Aerzen USA has agreed a transaction to acquire Vooner FloGard Corporation, a manufacturer of vacuum pumps and vacuum systems based in North Carolina, facilitated by Benchmark International. The article gives no deal value.
Helios Technologies signed a definitive agreement to acquire the assets of Daman Products Company, a Mishawaka, Indiana maker of precision hydraulic manifolds and integrated packages. The purchase price was not disclosed.
Leggett & Platt has acquired Pacoma Hydraulic Technologies, combining it with Precision Hydraulic Cylinders into Leggett & Platt Hydraulics. Pacoma will operate as a sister company with its own management and brand.
Bosch Rexroth and Weifu Group plan to form a joint venture in Wuxi, Jiangsu, to develop, make and sell hydraulic products for the Chinese market. Bosch Rexroth will merge its subsidiary Lezhuo Hydraulics into the venture, which still needs regulatory approval.